DiamondRock Hospitality (DRH) Set to Announce Earnings on Thursday

DiamondRock Hospitality (NYSE:DRH) is scheduled to be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect DiamondRock Hospitality to post earnings of $0.17 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

DiamondRock Hospitality (NYSE:DRH) last posted its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.14). DiamondRock Hospitality had a net margin of 8.03% and a return on equity of 5.29%. The firm had revenue of $263.50 million during the quarter, compared to analysts’ expectations of $261.45 million. During the same quarter last year, the business earned $0.23 earnings per share. The business’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts expect DiamondRock Hospitality to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

DiamondRock Hospitality Stock Performance

NYSE:DRH opened at $9.23 on Thursday. The firm’s fifty day moving average price is $9.37 and its 200 day moving average price is $8.96. DiamondRock Hospitality has a 1-year low of $7.33 and a 1-year high of $9.99. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.00 and a quick ratio of 2.00. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 25.63 and a beta of 1.60.

DiamondRock Hospitality Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a $0.03 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.12 dividend on an annualized basis and a yield of 1.30%. DiamondRock Hospitality’s dividend payout ratio (DPR) is 33.33%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DRH shares. Wolfe Research started coverage on shares of DiamondRock Hospitality in a research report on Wednesday, January 10th. They issued an “outperform” rating and a $11.00 price objective on the stock. Truist Financial lifted their price objective on shares of DiamondRock Hospitality from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. StockNews.com lowered shares of DiamondRock Hospitality from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Finally, Stifel Nicolaus boosted their target price on shares of DiamondRock Hospitality from $10.00 to $10.50 and gave the stock a “buy” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.30.

About DiamondRock Hospitality

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 36 premium quality hotels with over 9,700 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment.